worker capitalism

worker capitalism definition - business

worker capitalism

A system in which employees own part or all of the firm for which they work. Proponents of worker capitalism believe employees will be more productive if they have a stake in the profits resulting from their labor. Employee Stock Ownership Plans were developed on this premise.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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